CGPT Short Liquidation Frenzy: $10.15K Obliterated at $0.26836

The crypto market ignited with excitement as $10,151 worth of CGPT shorts were annihilated at the key price level of $0.26836.

This electrifying event showcased the power of bullish momentum and sent short-sellers scrambling for cover in a dramatic short squeeze.

CGPT’s price skyrocketed, smashing through resistance at $0.26836. This sudden surge triggered a chain reaction of short liquidations, forcing traders betting against the market to buy back their positions at a loss.

The aggressive buying pressure only fueled the rally, propelling CGPT higher and turning the market into a spectacle of volatility and opportunity.

1. Resistance Turned Support: The breakout above $0.26836 has solidified this level as a strong support zone, signaling bullish control.

2. Significant Liquidation Volume: A $10.15K liquidation reveals the high stakes in the market and the scale of confidence (and overconfidence) among short-sellers.

3. Momentum Surge: The short squeeze not only punished bearish traders but also created a wave of excitement and optimism among bulls.

Market Implications for CGPT

Bullish Sentiment Reignited: The short liquidation event showcases robust buying power, potentially drawing in more traders and investors.

Higher Trading Volumes: Increased market activity often follows liquidation events, creating heightened volatility and opportunities.

Potential for Further Gains: With $0.26836 now acting as support, CGPT

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